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Automated payments hit new high

A new record of over 124 million payments were processed in just one day last week through Pay.UK’s Direct Debit and Bacs Direct Credit systems, a million more than the previous high set in 2018.

That’s the equivalent of 8 million payments each hour the processing window was open (15.5 hours), or just over 133,000 every minute.

There has never been greater choice in the range of payment methods available to businesses and individuals – against that backdrop, our secure, simple, reliable, and convenient automated payment solutions continue to grow in popularity.

Said Paul Horlock, Pay.UK CEO